01-Mar-2007

The Budget And The Markets

The stock markets gave a virtual thumbs down to the Union Budget and the benchmark BSE crashed 541 points to end below the 13,000-point mark on Wednesday in highly volatile trading on selling by funds and investors.

Right. China's markets crashed by 8% yesterday. Following that, the Dow lost 5%. And following that, all world indices are awash with red today, except Norway's. And the budget caused the crash?